Old South Road building-cap increase being postponed

By Joshua Balling

Monday

Mar 3, 2014 at 2:00 AM

jballing@inkym.com, @JBallingIM

I&M Staff Writer

Developer Phil Pastan, who has major commercial development plans for Old South Road, yesterday said he will not seek approval of warrant articles at this year's Annual Town Meeting that would exempt two properties from the 20,000-square-foot cap on commercial buildings in the neighborhood.

Pastan, whose plans for the Old South Road corridor include a 38,500-square-foot supermarket on the current site of the Valero family garden center and a major commercial makeover of land formerly owned by Walter Glowacki on the other side of the road that could include a 45,000-square-foot building, said he decided to ask that voters take no action on the articles after several meetings with community members who expressed concern that they didn't know who the tenants of the large-scale buildings would be.

"Nantucket people seem to want to know exactly what we're proposing there and the type of use: the store, the retailer. Given that, since we can't tell that today, it's only right to work toward getting them that answer before we go forward," he said via phone Monday afternoon.

Pastan's Richmond Great Point Development, in partnership with the Valeros, in January reached agreement with the association representing the neighboring 196-home Naushop subdivision on parameters for the proposed supermarket development on 12 acres at 60 Old South Road.

Richmond Great Point in August 2013 also purchased 70 acres of land from Glowacki across the street for $30.6 million, which it plans to redevelop into an expanded commercial center over the next 10 years.

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